Building Details

Building Size 24,000 SF

Year Built 2023

Buildings 1

Listing Agency: Paradigm Real Estate

Listed By: Brian Parrish · License #5673790 Show Phone

Source: Defererealestate

Added: Aug 9, 2024 Changed: Oct 29 Last Checked: Oct 26 at 3:49AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Paradigm Real Estate

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Set on 10.57 acres, this 24,000-square-foot industrial property was built in 2023. The building has clear heights ranging from 18'4'' to 22', eight drive-in doors, 3-phase/800-amp power, LED lighting, floor drains, and shop sinks. A fenced and gated outdoor storage yard is also part of the property.

B4 zoning and four electric and gas meters support consideration of a multi-tenant layout. The property is in Eagle, Wisconsin.

Key Highlights

• 24,000 SF industrial building on 10.57 acres
• Built in 2023
• 18'4''-22' clear heights and eight drive‑in doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$106,009

Cap Rate

3.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,120,180 $2.1M

Cap Rate 7%

$1,514,414 $1.5M

Cap Rate 9%

$1,177,878 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 24,000 SF

Gross rent

$131.3K $5.47/SF

− Vacancy

−$6.6K −$0.27/SF

EGI

$124.7K $5.20/SF

− OpEx

−$18.7K −$0.78/SF

NOI

$106.0K $4.42/SF

Area

Waukesha County, WI

Vacancy

5.00%

Lease Rate

$5.47 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,120,180

Cap Rate 7%

$1,514,414

Cap Rate 9%

$1,177,878

Alternative Uses

Best Use

Warehouse

$1.51M

$1.33M – $1.77M (±1% cap)

NOI $106,009 @ 7.0% cap · market cap 3.93%

Second Best

—

—

no second resolved use

Theoretical Best

Flex RnD

$12.25M

$10.72M – $14.29M (±1% cap)

NOI $857,423 @ 7.0% cap · market cap 31.76%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Micron Tool & Machine ... Industrial Manufacturer

Suggested Use

Top Pick Building Supply Dental Office Auto Repair Shop Auto Parts Store Parking Lot & Garage Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22 ft

Clear height

8

Drive-in doors

Yes

Fenced yard

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

65

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 53119, WI

5,751

Population

2,440

Households

2.4

Avg Household Size

45

Median Age

38%

College-Educated

97%

High-School Grad

40.0 sq mi

ZIP Area

144

Density / Sq Mi

$115,292

Median Household Income

$60,360

Median Earnings

$1,037

Median Rent

$373,600

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar For Sale Nearby

See more

Industrial Warehouse with Storage Yard

W357s8715 Chapman Ln, Eagle, WI 53119

$2,700,000

24,000 SF

View details

Two-Unit Duplex with Private Balconies

319 E Main STREET Unit A&B, Eagle, WI 53119

$350,000

1,904 SF

View details

Similar Off Market Nearby

• Innovations Self Storage — S90 W35710, County Rd NN, Eagle, WI 53119
• Eagle Storage — W356 S9045 W, Godfrey Ln, Eagle, WI 53119
• Self Storage of Eagle — S89 W35541, Henry Ln, Eagle, WI 53119
• BigRigs Hotel — 8870 E Godfrey Ln, Eagle, WI 53119

Frequently Asked Questions

What type of property is this?

Warehouse - A modern facility offers high-capacity electrical service and infrastructure suited to a multi-tenant configuration.

Where is this warehouse located?

The property is located at W357S8715 Chapman Ln Eagle, WI.

What is the asking price?

The asking price for this property is $2,700,000.

What are key features of this property?

This property features: 24,000 SF industrial building on 10.57 acres; Built in 2023; 18'4''-22' clear heights and eight drive‑in doors